Jun. 27, 2023
Ms Countryman. I am a household investor and I wish to inform you that I am against this rule proposal. Especially the part where derivative would be treated with beneficial ownership. This makes absolutely no sense to me as the companies did not issue derivatives but shares only. How can derivatives created by financial institutions have the same benefits as an actual share. This will bring countless voting problems as derivative owners could gain inequal voting powers via derivative leverage. If their name is not on the shares. They don't get the securities benefits. This will give overreaching powers to hedge funds thus allowing for such entity to vote out anyone they wish continuing their short & distort scheme . While completely ignoring the actual shareholders votes. This rule proposal makes no sense to me. I am against it.